The real estate investors with EUR 1.9 billion bank credits
The biggest mall and office buildings owners from the local market are also on top of the credit values, the total value of the financing to reimburse by seven of the biggest real estate players raising up to EUR 1.9 billion, according to an analyse of Ziarul Financiar.
The seven companies - Iulius Group (Iulian Dascălu), Immofinanz (Austria), Argo Real Estate (company listed at London stock with Cypriot founders), AFI Europe (the Israeli Lev Leviev), NEPI (South Africa), CA Immo (Austria) and GTC (Israel) – have in their portfolios operational assets valuated at EUR 3.1 billion, the medium indebtedness is approx. 61 % reported to their assets.
By renting out those assets, the investors collected last year over EUR 220 million, so according to ZF calculations the revenues for the next 8.6 years will cover the credits, provide that the level of revenues remains constant. (sursa: zf.ro)